QXO Inc.’s recent filing unveils that its 10% Owner MFN Partners, LP unloaded Company’s shares for reported $11.98 million on Aug 26 ’24. In the deal valued at $15.05 per share,795,894 shares were sold. As a result of this transaction, MFN Partners, LP now holds 53,908,701 shares worth roughly $741.24 million.
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Then, Meller Mark sold 21,624 shares, generating $5,241,802 in total proceeds. Upon selling the shares at $242.41, the Pres., SilverSun Technologies now owns 174 shares.
Before that, Meller Mark sold 53,856 shares. QXO Inc. shares valued at $989,997 were divested by the Chief Executive Officer at a price of $18.38 per share. As a result of the transaction, Meller Mark now holds 217,088 shares, worth roughly $2.98 million.
Price Performance Review of QXO
On Monday, QXO Inc. [NASDAQ:QXO] saw its stock fall -6.46% to $13.75. Over the last five days, the stock has lost -7.59%. QXO Inc. shares have fallen nearly -87.94% since the year began. Nevertheless, the stocks have fallen -35.70% over the past one year. While a 52-week high of $290.00 was reached on 06/10/24, a 52-week low of $10.61 was recorded on 08/07/24. SMA at 50 days reached $29.24, while 200 days put it at $91.70.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 13.04, which if violated will result in even more drops to 12.32. On the upside, there is a resistance level at 14.69. A further resistance level may holdings at 15.62. The Relative Strength Index (RSI) on the 14-day chart is 38.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.75%. Stochastics %K at 52.37% indicates the stock is a holding.
How much short interest is there in QXO Inc.?
A steep rise in short interest was recorded in QXO Inc. stocks on 2024-08-30, dropping by -2.21 million shares to a total of 0.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.74 million shares. There was a decline of -419.15%, which implies that there is a negative sentiment for the stock.
